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Airline Reporting Corporation and IATA Billing and Settlement Plan: How they Work

AltexSoft Travel

Things are quite confusing here and nascent travel agents can easily get overwhelmed with understanding what’s IATA, how IATAN is different, why ARC number is the same as IATAN number… And a whole lot of other questions. Sounds complicated, but in plain English, BSP is a payment mediator between airlines and travel agents.

Airlines 126
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The Category 5 Pivot: How One Event Company Beat Helene and Milton

Smart Meetings

But this is a case study in how an award-winning, full-service media production company in Orlando pivoted in less time than it takes a hurricane’s eye to pass through to create a successful event despite the weather emergency. The company, edgefactory , is no novice; it was founded in 1999. What lessons does Cole draw from the experience?

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Revenue Integrity in Airlines: How to Solve Revenue Leakage Problems

AltexSoft Travel

Even before the pandemic, the industry was going through a crisis, so airlines fought hard to track down and close every loophole. Often created by travel agents and customers (both accidentally and not), these holes account for about 3 percent of the airline’s revenue. Airline revenue leakage. Space churning.

Airlines 124
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Airline Consolidators Overview: Their Role, Advantages, and Key Players

AltexSoft Travel

Flight consolidators are brokers that book airline seats in bulk at discount rates and then resell them to travel agencies. Airline consolidator business model: how it works. Most of the large consolidators appeared in the 1970-1980s when airlines had more seats than they could ever sell via travel retailers.

Airlines 113
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Airline Reporting Corporation: ARC Accreditation Options and Steps to Get It

AltexSoft Travel

Whether your business is focused on selling airline tickets, package trips, or cruises, if you want to be acknowledged as a professional in the travel industry, you need to be certified. So, ARC or Airline Reporting Corporation is a company that regulates and handles transactions between airlines and US-based travel agencies.

Airlines 115
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New Distribution Capability (NDC) for Airlines: Key Providers and Implementation Scenarios

AltexSoft Travel

Today, airlines still use third parties for their flight distribution. Travelers still stick to comprehensive booking platforms like OTAs and price aggregators. Until the 2000s, airlines managed to maintain direct relations with travel agencies via Computer Reservation Systems (CRSs).

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The Category 5 Pivot: How One Event Company Beat Helene and Milton

Smart Meetings

But this is a case study in how an award-winning, full-service media production company in Orlando pivoted in less time than it takes a hurricane’s eye to pass through to create a successful event despite the weather emergency. The company, edgefactory , is no novice; it was founded in 1999. What lessons does Cole draw from the experience?